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Royal Coal Corp. V.RDA



TSXV:RDA - Post by User

Bullboard Posts
Comment by nig123on Feb 22, 2012 9:23am
225 Views
Post# 19565696

quoted from the Prospectus.

quoted from the Prospectus.

"... if the Corporation does not complete the Equity Financing on or prior to January 31, 2012, the Coal Purchase Amending Agreement will terminate or, if not completed on or prior to February 29, 2012, all amounts outstanding under the Replacement Loan Agreement will become immediately due and payable. If either of these events occurs, unless the Corporation is able to obtain sufficient additional financing or enter into alternate agreements, the Corporation will be unable to meet its current obligations owing to Sandstorm and others. Any default under the Coal Purchase Agreement would also constitute a default under the Replacement Loan Agreement and the Mercuria Convertible Debenture..."

 

 

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